Originally Posted by
george7117
I appreciate that, but I "think" I do understand it for my situation. Don't want more money going to the MBCP, I'll take PRAP cash, even at a higher tax rate. Everyone's tax issue is there's. I avoid high cost investments and have many other investments that require capital investment (RE, farmland, cattle).
So, again, this LOA ties the hands of pilots who want to use their cash in different ways. And, as stated earlier, that part isn't interim. It will be long term. This is a play by someone, I just can't figure out exactly who. Under the old system, if you want to spill more you can, your choice. Under the new system, not so much. I like choice.
I don’t think it’s a”play” by anyone. As I read it, they are implementing it this way to comply with an IRS rule they expect they’ll have to comply with anyway. I’m not totally confident on that analysis though. I’m glad they are putting it out for a vote and putting out pro and con letters.